Columns

Nobody would buy a home without being represented by a real estate attorney. So why is it that most seniors are signing nursing home and other long-term-care contracts that require them to pay $6,000 to $10,000 a month for the rest of their lives and never give them to an elder law attorney to review? Nursing homes in our metropolitan area can cost anywhere from $6,000 to $10,000 a month. That means that the nursing home contract can cost you between $72,000 and $120,000 a year! How can you enter into a contract of this magnitude without adequate legal advise? …

Home buyers dream of that perfect home with just the right amount of square footage, but for many, that dream will never become a reality. Even if your home has less square footage than you had hoped for, opportunity often exists right under our very noses. In most homes, up to 20 percent of the available space is underutilized. For some, it’s a long, narrow hallway or an attic employed only to store Christmas decorations. For others, it’s a formal dining room used only twice a year. To find more room where none appears to exist, you need to rethink …

I have found some great tutorials on Italian genealogy on the always-growing Familysearch.org!! Last month I talked about web sites available at the Family History Center Services Portal. That can be found at https://fhc.familysearch.org/ This part of the portal can be accessed from home. You do not have to visit a Family History Center to access these areas. The databases are limited due to site licensing issues, but these help areas are meant to be free to the world. Once you are in the portal, click on Family Search Research Wiki — it is on the right side of the …

Today’s mortgage interest rate environment is without question the lowest it has been in decades. So why would anyone want to take an ARM (adjustable rate mortgage) instead of a fixed rate? First off, let’s talk about how adjustable rate mortgages work. Most ARMs are spread over 30 years, just like a 30-year fixed-rate mortgage (a mortage where the interest rate never changes, by the way). The most common ARMs are the 3/1, 5/1, and 7/1 Treasury or Libor ARM. What this means is that the rate will stay fixed for 3, 5 or 7 years respectively and then will …

Website columnist Anthony Ferraro has good news and bad for his readers this month. The good news? Starting next year, every state is required to establish an Insurance Exchange that offers individuals and businesses apples-to-apples comparisons of fees, features, companies, terms and conditions for minimum essential coverage in four standard plans: bronze, silver, gold and platinum. The bad news? “There’s still no fix in sight for the devastating cost of nursing home care!” Anthony writes. For the rest of the story, visit www.franoi.com, click on ADVICE at the bottom of the home page, then on ELDER LAW ADVOCATE. Get ready, …

After a hard day’s work, you arrive home eager to enjoy a meal on your deck or patio, only to look over and see your neighbors staring right back at you. Small lots, heavy traffic and loud neighbors can take the joy out of your backyard. There are plenty of steps you can take to make your outdoor living space more private and relaxing. But first things first: Always check with your village or homeowners association about restrictions on material and height. A wooden fence is the most obvious way to add privacy to your yard. They are also the …

I have written a number of columns about changes going on at Family History Centers, from film ordering changes to the Family Search web site. Today is no exception! I am writing this column at the Buffalo Grove Family History Center but these changes are happening worldwide and apply to all centers. This column deals exclusively with web sites you can ONLY access while visiting a Family History Center. The familysearch web site has changed significantly (and may need to be described in its own column) but when you are at the Family History Center, your home page is the …

Your credit is by far the most important ingredient of a mortgage. You receive three credit scores (Trans Union, Experian and Equifax) when you apply for a mortgage. If you do not receive at least a 640 on two of the three scores, you cannot apply for an FHA mortgage. A conventional mortgage usually requires an average credit score of 700, and 740 is the minimum required to get the best rate for a conventional loan. There has been a lot of negative noise lately about credit repair companies, both nationally and locally, and with good reason. Complaints abound about …

If Alzheimer’s is a journey, you need to be on the lookout for those first few steps. Have you ever had a “senior moment” or know someone who has? These are common and usually not a cause for worry. But do they happen a lot? Do you have trouble remembering facts about your own life — either from years past or from the past five minutes? Do you struggle or have you noticed a loved one struggling to answer what should be simple questions? Questions like: “What did you do for a living before you retired?” “What are your grandchildren’s …

Buds are on the trees, temperatures are on the rise, and spring cleaning is on the docket for many homeowners, especially those who are looking to put their properties on the market. Although many of us clean our homes from top to bottom, there are always those overlooked spots that could use a little extra love from us. Behind, under and on top of the refrigerator is where food particles and crumbs love to gather. Many refrigerators are on wheels, so it’s easy to slide them out and vacuum and wash beneath and behind them. A refrigerator’s drip pan is …